203 Madison St Pontiac, IL 61764-1812

Property Details for 203 Madison St

Lot size

0.05 lot acres

Property type

Commercial real estate

APN

15-15-22-403-027

APU

151522403027

Description

This exceptional mixed-use property at 203 W Madison Street, Pontiac, IL, presents a compelling investment opportunity. The 4,320 square foot building is strategically located in the heart of downtown Pontiac, ensuring high visibility and significant foot traffic. The property comprises two separate commercial units, each approximately 1,000 square feet, currently generating rental income. One commercial unit (203 W Madison) underwent a complete renovation in 1997, while the other (205 W Madison) was already updated upon the current owner's acquisition. Above the commercial spaces sits a substantial 2,000 square foot apartment, completely renovated down to the studs in 1997. This spacious apartment features two bedrooms and two bathrooms, offering modern amenities and comfort. The building also benefits from a well-maintained rubber roof installed in the early 2000s. This versatile property offers a blend of commercial and residential income streams, making it an ideal investment for those seeking a strong return in a desirable downtown location. The asking price is $250,000. This is a rare opportunity to acquire a well-maintained, income-producing property in a thriving downtown area.